All-Items PCE Price Gauge
Including food and energy, the all-items PCE price index climbed by 2.7%, exceeding the anticipated 2.6% estimate. Both measures experienced a monthly increase of 0.3%, aligning with expectations.
Personal Income and Outlays
March saw a notable uptick in personal income, rising by $122.0 billion, equivalent to a 0.5% increase on a monthly basis. Disposable personal income (DPI) also surged by $104.0 billion (0.5%), while personal consumption expenditures (PCE) increased by $160.9 billion (0.8%).
PCE Price Index and Real DPI
The PCE price index recorded a 0.3% increase, with a similar uptick observed in the index excluding food and energy. Real DPI edged up by 0.2% in March, with goods experiencing a 1.1% surge and services rising by 0.2%.
Market Outlook
The robust uptrend in inflation…
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